St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1887-04-15

INANClAL.
New York.


NEW YORK, April 14.-Money on call easy,
ranging from to per cent. closing offered
ut 215. Prime mercantile paper sos. Sterling
exchange dull and steady at $4S434@4S6 for
60 days and S4S7Ql4Ss4 for demand. The for
eign interests again turned up as buyers this
morning, the reduction in the Bank of En-
gland rate being one of the prime causes of
the movement. The new buying, however,
was met by free offerings of long stock and
a renewal of the hammering proceSs,in which
the bear party, most of the room traders,
who have lately gone short of considerable
line of stocks and some of the old bull party,
who are now looking for a concession in
values, were prominent. The market was
again somewhat feve1Sh and unsettled, and
the results of the days trading are unsatiS-
factory alike to both sides of the account,
Reading and Jersey Central were not so
active as for the past few days and the latter
was conSpicuously weak almost all day; the
inference is that the party in control have
acquired more than sufficient stock for their
purpose, and in view of the closing of the
books tomorrow part OF the surplus was
let 60 Under the influence Of the heavy
foreign purchases, Louisville & Nashville be-
came the most prominent stock on the list,
and reached higher prices than at any pre-
vious time this year. On the revival of the
stories of close relations between that COM
pany and the Norfolk s. Western, the pre-
ferred stock of the latter scored a material
ADVANCE. Inc SaQ FRANCISCO STOCKS also QlS-
played marked strength, which is to be at
tributed partly to the contest for control and
partly to the pI disability of dividends on the
preferred stock. Wabash preferred and
Manhattan were also strong early in the day,
though most of the advance was lost toward
the close. The opening was firm TO strong,
first prices showing advances over last even
ing's final figures of from I@% per cent.
Notwithstanding the heavy purchases, the
pressure Of stocks for safe forced the list
down in the early dealings, the market
being feverish and irregular. This
was succeeded by period of comparative
dizziness, when. under the influence of Louis
vile g. Nashville and the specialties, a better
tone was impaired to the dealings and noon
prices closely appropriated those of the
opening. Jersey Central then broke badly,
and the general list sympathized to trac-
tional extent and remained heavy till toward
2p. m. A slight rally occurred in the last
hour, and the close was moderately active
and firm, close to opening figures. Sales,
1854, OS7 shares. Railroad bonds were compar-
atively quiet. Sales, 81, 900. The market
was somewhat irregular. but generally
steady to firm, and closing prices generally
show advances of small fractions. Govern
ment bonds and state bonds were dull and
steady. The total sales of stocks to-day
were 1854, 0S7 shares, including:
Del. Lack. & W..21, 620l N. P. pfd ....... 5000
Erie. .21 ,594 p, ID. & Etc.,. $3.50
Kansas s. Texas. 1910 Reading -. ....T5, $40
Lake Shore. L., 9uU st. PAUL Id, III
Louisville & N. SO. 0lTeXas Pacific. $3.50
Manhattan Con-. $500 Union Pacific. .16, 760
Northwestern. :. 5, 730 Western Union. Il, 271
N. J. Central. IL, 000l - 9-~